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My Money Saving Gadget

Forum: Save Money
Frustration with the price of a new Verizon Smart Phone to replace my old faltering phone led me back to TracFone, the provider of my old emergency flip phone. TracFone was running a special on a Samsung Crow J7 with a larger screen then my previous phone for less then $100.00! This beats the $1000.00 and up I was quoted by Verizon. TracFone also beat the $150.00/monthly bill that would have gone to $200.00/month with a new phone purchase via Verizon. Credit on the new phone was also given...Read More...

Fin-Recovery Post Housing Crisis

Forum: Retirement
Oh Yeah! What you have saved for an emergency backup fund may not be enough of a cushion. But you are retired now on Social Security! T.P.H. articles on Side Gigs are great but now info is needed for careful planning when juggling Social Security, the IRS, and State income tax such as New Mexico. Could really use help in this area.Read More...

Financial Fitness February: Day 11

Moore Income
Not gonna lie, the days seem to be going by faster and faster and it seems like I never have enough time to get things done. I know I need to work a lot on my time management skills especially since next month I will be returning part time to my former job as a digital marketer for a promotional products company. Financially, here is what happened today: 1.) Sourced a Bit More I decided to check back in at Bed Bath & Beyond to see if they were still running their Red Dot Clearance event.Read More...
@lismox Wow that is great!Read More...
@lismox That is good profit!!! Congratulations on finding a great niche for income!!Read More...
I only need to participate 20-30 minutes per day and some of that time is spent taking pictures and recording videos. I find focus groups to be a really fun way to make extra money.Read More...
@lismox That's a win for sure! And that isn't a bad cut for the days you are participating. I am interested to know, how many hours a day are you required to participate?Read More...
Last Reply By Moore Income · First Unread Post

Financial Fitness February: Day 10

lismox
@mooreincome has inspired me to look into doing some reselling online. I actually have a very decent camera (a Canon DSLR with interchangeable lenses). So all I need to start is sourcing material to sell. I live down the street from a Salvation Army, so I'm going to start there. Also, there are some Goodwill Boutiques in my area as well (higher end Goodwills), so I'm going to take a look at those as well. My wins for today: I received a $49 refund check back from Chase. I signed up for a...Read More...
Link works. Thanks for sharing.Read More...
Ok, I must be confusing Amazon with ebay on the gating. Thanks Jeremy and Jon for setting me straight on that! I was getting all my ducks in a row to reopen my etsy shops and my ebay account last Fall, when I stumbled into the new sales tax mess. I realize ebay and etsy are collecting the sales tax now, but there are still some major issues.......the 1099s (which I won't likely qualify to receive due to slow sales when I restart my shops) are lumping all kinds of fees and taxes together...Read More...
@mintjulep Jeremy summed it up really well. For what you are looking into doing, just your basic account should serve you well and if you want to do a little more you can always upgrade to the $8 monthly plan. One of the benefits of eBay over Amazon is that they do not gate you like amazon does and you can sell almost anything except if it is specifically on their restricted items. The main thing to keep in mind is you don't want to sell knockoff brand items under the original brand name.Read More...
@Jeremy Thank you for sharing that information! I've been cruising around in some FB ebay groups, one is definitely for the large inventory sellers or drop shippers. I would just like to make some chump change in retirement. So some of those groups are a bit over my head.Read More...
Last Reply By Moore Income · First Unread Post

Flood claim?

Forum: Insurance
Jobelle Collie
I have flood insurance, even though I’m not in a flood zone. Yesterday, we got 4 inches of rain in less than one hour! The house next door is vacant. The landlord closed off their French Drain, so that house probably has water in it. Because my French Drain was just keeping up with the deluge, it was overwhelmed when my neighbors excess water began flooding into my kitchen and living room. The insurance adjuster will be here in the morning to figure out my next move. I’ve never made a flood...Read More...

On-line learning classes for free

mintjulep
Was reading AARP eletter this morning and discovered a great source of free on-line learning classes. I had no idea how many subjects and classes were available to us! It appears one of the best sources to discover what is available is through Class Central, though I've not used them, merely sharing AARP's info on one of the largest websites to find free classes. This link from Class Central offers search options for some of the more popular sources for free learning. ...Read More...
Thanks for sharing @trying to get by This tread is becoming quite a resource for people looking to further their education!Read More...
Thanks for sharing @mintjulepRead More...
Since the subject of free learning has come up I also have one: The Goodwill Community Foundation, the link is http://www.gcflearnfree.org/ Thanks for advising on the pothers, I'll look into them as well.Read More...
I just ran into this on-line learning site with lots of free classes, books, talks etc. Open Culture http://www.openculture.comRead More...
Last Reply By Moore Income · First Unread Post

Financial Fitness February: Day 10

Moore Income
Normally, Day 10 would be a third of the way through a month, but since it's February, the month is going by much faster it seems. Good thing we get an extra day this month! Here's my wins for the day: 1.) Listed 10 New Items On eBay As a reseller, it can be really easy to get so involved with sourcing (my favorite part) that we fail to do our duty to list the items we source. While you gotta have good products to sell, it does no good if they just sit in your storage. Unfortunately, a lot...Read More...
I have to have a good system or my place will quickly look like an episode of hoarders!Read More...
@JeremyM sounds like you have a pretty good system in place now for getting stuff in and listed. I am starting over since I took a pause to travel the US with my wife but I do have quite a bit of stuff that I stored away that I need to get out and get listed.Read More...
@Eber A. Thanks for the comment! I agree, that Mystery shopping is pretty fun and the added bonus of free food or money makes it even more exciting! Look forward to hearing more about your financial wins!Read More...
I love this post! Extremely efficient! I also participate in mystery shopping every now and then if time permits. They're fun and free! I'll try and work on my own list.Read More...
Last Reply By JeremyM · First Unread Post

Family Budgeting Strategy for Youth

Forum: Budgeting
Hi everybody I just read the last PH newsletter, in particular the article about couples creating positive meetings about their budget. I'm trying to figure out the most effective way to teach my 12 year old son who is both a hard worker, very desirous of earning, saving,spending, money + *bonus* he loves Math. Much of his amped desire to earn has been gleaned over the last 9 months through a video game plays that reward through "monetary" points. It has its pros and cons and of course our...Read More...

Credit Score Questions

Forum: Credit
Rick Campbell
I have been working on my credit for a while now. I have Credit Karma and Credit Sesame accounts, I use the credit score features on my credit cards I have, so I monitor it closely. My score is at a point now to where it is getting difficult to see any substantial improvement to it. Most of these sites usually have six criteria they rate and from Best (Green) to okay (Yellow) to needs work (Red). On all of my reports everything is Good or Green except for inquiries and credit age. They are...Read More...

Financial Fitness February: Day 7 (Big WIN)

Forum: Make Money
Moore Income
Hard to believe a whole week of this month has already past! Time really does fly by when your having fun! Let's get into this day of finances. 1.) Delivering for Extra Cash Today I decided to focus mostly on doing some grocery and food delivery. The thing I love about all the apps that allow you to do this, is the fact that it gives you so much freedom to work on your own schedule. For example, I worked in the morning but then I needed to go home for a while and get an order ready to ship.Read More...

Wells Fargo

Forum: Debt
Mark anthony Gonzalez
Hello i had fallen into hard times but I'm trying to rebound and be a stand up person and do the right thing and pay back my debt but Wells Fargo closed my credit card and a personal loan i had with them and I've almost been paying them back for the past 5 years but was wondering if anyone knows if they have the right to increase the interest rates every time time there is an interest increase by the Fed's since they closed both accounts ? Shouldn't the rate of the apr stayed the same as...Read More...

How Frugal Are You? Easy test!

What is the smallest amount that you will stop to pick up? ...a penny? a nickel? a dime? a quarter? a dollar? My husband and I will stop to pick up a penny. He's done it for years (even though he is not generally frugal). I'm the frugal one, but generally am not looking down, but if I see it, I will stop to pick it up. Careful though, I was in a parking lot and saw where someone had dropped a quarter and a nickel. I was so excited (yes, I can be that frugal) I stopped to pick it up and...Read More...
No, no, no! You found 25 pennies...all yours. THEN, you go into Aldi and save even more. Win-win!!!! Eureka!!!Read More...
So happy, found a quarter in an ALDI cart yesterday, it was pure joy! Then you go in the store and take advantage of the sales, there that goes.Read More...
That's Awesome! @Susan L. Miller My only tip for you would be to dream bigger next timeRead More...
I used to have regular dreams about finding money, and They always made me happy. After one New Year's that my husband and I spent out in the country at a B&B, we went for a walk along a grassy path. I looked down and saw a $1 bill on the ground, then a $5 and a $20, all lined up in a row. That was magical!Read More...
Last Reply By dboothe · First Unread Post

This week’s Community Announcements 2.7.20

Maryann
Hi everyone, I hope you all had a great week. As someone who has adjusted well to my sunny life in Florida, I was thrilled to hear Pete the groundhog did not see his shadow — hello, Spring! There’s been a lot of great discussion in the community this past week. A lot of you are asking some great questions, so let’s help each other out. We’d love your thoughts on these threads: Catherine Nicholas asked “ Once enrolled and debt is paid off, how long does it take to get a good credit score ?”...Read More...
Hi @Susan L. Miller ! Yes, I'm sorry I missed your message earlier. Were you wanting to share your thoughts on saving money in retirement? Please add them to this thread: https://community.thepennyhoar...-money-in-retirement . I'm sure others in the community would love to know how you save, too!Read More...
@Nicole D- I wanted to chat with you, not Sarah C! Thanks!Read More...
Hi @Susan L. Miller ! Sorry for the late reply! I've actually finished writing that story, but please feel free to post your tips on saving during retirement in the thread! Your savings tips can be helpful to others in the community.Read More...
I sure did miss it.. Thank you for the inform!!Read More...
Last Reply By Nicole D. · First Unread Post

good and bad deals on Roofstock (Turnkey rental properties)

Forum: Investment
Hi, I'm new to real estate investing. I already have some money invested in Fundrise which is basically stock in real estate (paper real estate). I want to get into physical real estate. I have no real estate experience. My question is how do I know the difference between a good and a bad deal on a turnkey investment property on roofstock. I would just use a mortgage calculator online but how do I know the difference between a good and bad deal on roofstock for turnkey RE investments? Thanks.Read More...

Financial Fitness February: Day 8

Moore Income
Today wasn't terribly exciting for my finances, but days like this I am just thankful to have a roof over my head and food to eat! 1.) Buying Groceries In Bulk My wife and I have a hard time eating food quickly. However, last week she started us on sort of a meal plan which is allowing us to eat all the food we cook without wasting it. Because we now have a plan in place, we decided it would be a good idea to buy some groceries in bulk from Costco. Not only does it save us some money on the...Read More...
@MsKimberly That's great! A lot of us don't like to try new things because it takes us outside of our comfort zone. But a lot of times, it takes trying new things to get us to a better place financially!Read More...
@mintjulep I appreciate you checking it out! And yes, "a penny saved is a penny earned"Read More...
Excellent tips, Jon! Now that I am cutting down on groceries, I am putting foods together to make a meal that I would not have done in the past.Read More...
Thanks for asking us to join your YouTube channel. I've seen the information at the bottom of your posts and have been meaning to hop over to YouTube to check out your vids, but just have not done so yet! But since you asked....!!! Any day you save money, even by spending money, is a good day!!Read More...
Last Reply By Moore Income · First Unread Post

Best way to get a new iPhone

Andrea M Molkenbur
Is anybody researched how to get a new iPhone without financing it? Not sure if I should go through Apple directly and not necessarily in love with my current carrier either. I really just wanna buy the phone out right but not have to finance it.Read More...
I recently bought an iPhone 11 from Costco. Not only did I get a $30 Costco gift card, I also got a trade-in credit of $40 for my old iPhone 6 and a $580 credit on T-Mobile, my new carrier. So if you can find deals like this it works out well.Read More...
We've bought a total of 4 phones off ebay, each different sellers and had zero issues. We've purchased new and used from ebay and, as Jon Moore says, insist on unlocked phones so we can change carriers and plans when we feel we need to. We look for sellers with great ratings on ebay. The last purchase was last Fall and my partner switched from Android to Apple, but on advice from an Apple-freak friend, went with an older version since he doesn't use his phone for much more than texting and...Read More...
You can always get a new iPhone by purchasing one on Amazon or eBay. Just make sure you are getting it from a reputable seller. Not sure if you are looking for the latest and greatest but you can usually pay a better price for an older version which in the case of the iPhone, aren't too much different than the newest model. If you do purchase on one of these marketplaces, just make sure the phone comes "unlocked" and then you will be able to use it with whatever carrier you choose, which...Read More...
Last Reply By lismox · First Unread Post

Travel section

Forum: FAQ
D in the Midwest
Is there a "TOPIC" section that covers travel questions? I'm planning a couple of trips (one road with the family, one by air on my own) that I'm looking for some money saving tips for - THANKS!Read More...
@Maryann I think a section for topics related to travel and finances would be helpful. I think a topic about "Travel Hacks" would be appropriate as this is usually related to people using different "hacks" to make travel cheaper.Read More...
@D in the Midwest , we don't have a dedicated topic section for travel but I'll file this as a potential for us to add. For now, this kind of question can go under 'General Discussion,' or since you're looking for savings tips, it can go under the section 'Save Money.' In any event, please let us know where from/where to you're traveling. I'm sure a number of us could share some tips that can help you save. I just finished booking a trip myself -- very excited about it!Read More...
I follow a guy name Joel McDonald .... he is very helpful with showing you how to kill the airline prices ...... 50-90% cheaper , but you have to be very flexible with you dates to fly .... hope this helps you out a lotRead More...
Last Reply By Moore Income · First Unread Post

Financial Fitness February: Day 4 (And a Money Saving Tip)

Forum: Save Money
Moore Income
Day 4 of February wasn't too crazy for me, here's what went down financially: 1.) More "Investments" In Items to Resell - I am trying to make a point to get around to all the major retailers in my area since getting back to Fargo. I am trying to get a good amount of inventory as I work towards making reselling my biggest source of income in 2020. Now is actually a great time to be doing this I have found as most stores are running winter clearance trying to get rid of all the left over...Read More...

Stash has a promotion

Forum: Investment
Celia R dubin
I started with stash investing after reading a penny hoarder article on it and choosing between that one and other robo investing apps. I have really liked investing with Stash. They changed their fees to $1/month for the basic amount, no matter how much money you have in the account. (It was more in the past if you had more then$5000 in your account.) Stash now has a nice promotion. Sign in to their "party" every day at 4pm est to get a small fractional share of a different stock everyday.Read More...

Financial Fitness February: Day 6

Moore Income
Today was a pretty quite day for me but there were a couple things that had a small impact on my finances. 1.) Sold another Lava Lamp This has been a very consistent seller for me. This last sale puts me at 50 of this same lava lamp sold since the listing went live in June of last year. It's only a few bucks profit every sale but it is mostly hands off since I listed it and set it up to be promoted. The way eBay works, the more sales you get on an item, the more they will promote it and in...Read More...
@Michael Metzger thanks for mentioning that. I have been aware of the company for a while but don't have any experience selling on there. I do have plans to in the future though as I seek to expand the platforms I currently sell on. @Cmarks glad to hear that! That is my goal, to help and motivate others to create a better financial future!Read More...
Great topic and glad to see you encouraging others to take control of their finances! Something to check out while you are purging things is a company called Poshmark, which allows you to sell used clothing. Recycling and helping your finances!Read More...
Great article, very motivating for me.Read More...
Last Reply By Moore Income · First Unread Post

1099 VS. Employment

mcpres1119
My workplace is being bought out by a corporate company and my position is being dissolved. The doctors I work for are potentially offering me a 1099 Contract position that will be somewhat of a promotion for their private company outside of the corporation. This job would be a promotion to a management position. My employers are not trying to avoid taxes or avoid paying me benefits, although I would be losing benefits. I was offered a comparable position as an employee by the corporation...Read More...
I was a 1099 employee for two very different businesses in the past - a large health care management org and a small social services office. In each case, I saved 10% (adjust for your situation and newer tax laws) of my paycheck as a safeguard to pay income taxes for the year. I'm not sure what you're referring to by "paying higher taxes" unless you mean the burden falls to you to manage your tax liability out of your check. RE: benefits - if I could go FT where I work now (I'm PT) our...Read More...
Last Reply By D in the Midwest · First Unread Post

Quick Question About thepennyhoarder.com Website

Hi, Would this be the correct email to reach for suggestions/contributions to thepennyhoarder.com? Thanks for your time! Ruth Dean Outreach ManagerRead More...
Hi Ruth! Here's the link to The Penny Hoarder's contributors page. It includes guidelines and more information on how to pitch article ideas to our editors. https://www.thepennyhoarder.co...tributor-guidelines/Read More...
Hi, I sent an email a few weeks back about contributing to thepennyhoarder.com. I'm wondering if I reached out to the correct email or is there someone else I should contact? Looking forward to your reply when you have a moment. Thanks, Ruth Dean Outreach Manager -----Original Message----- Hi, Would this be the correct email to reach for suggestions/contributions to thepennyhoarder.com? Thanks for your time! Ruth Dean Outreach ManagerRead More...
Hi @Ruth Dean ! Are you looking to contribute articles to The Penny Hoarder? If so, the best way to do so is to complete the the contributors form online. Guideslines and link below: https://www.thepennyhoarder.co...tributor-guidelines/Read More...
Last Reply By Maryann · First Unread Post

I will be debt free in 2020 - What are the smartest ways to manage money now?

I've spent my life drowning in debt just like the typical American. Luckily, I've managed to get a hold of my finances with the help of my supportive spouse as well as simply moving up in pay grades at my job. According to my big plan I will get myself completely debt free this year. But it almost feels like I'm at the door of a plane about to jump. You're excited to feel free but also experiencing moments of panic because freedom is such a foreign feeling. Who am I without debt? Without the...Read More...
First of all, congratulations on being debt-free! The next thing I would suggest is building up that emergency fund. The general rule of thumb is 3 months expenses if there are two income sources in your family and 6 months expenses if only one income source. Once you get to that point, have an automatic savings and investment plan. That could come in the way payroll deduction into a retirement plan through your employment. Feel free to ask me anything more specific if you still need the help!Read More...
Congratulations! Great suggestions, and I'm sure there will be more, but personally, I would put it towards retirement and an emergency fund!Read More...
Oooh. This is a good question! I had quite a few friends pay off student loan debt in the last couple of years and the question always comes up, "What next?" First off, kudos! You're about to accomplish something many Americans struggle with. You're now in a great place to start looking at the things you always wanted and/or know you needed to do. For example, do you have an emergency fund established? It's always great to have at least 6-12 months of living expenses saved. Most Americans...Read More...
I can so relate. I got out of debt once then allowed myself to get back in. Maybe the struggle was more comfortable? This time though, I'm working it off with a plan then I'll be where you are. Following to see responses. I'll be jamming the extra money into my savings and retirement accounts because I want to retire in 5 years. But man I totally understand your feelings and questions.Read More...
Last Reply By Michael Metzger · First Unread Post
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